MA ARCHIVED July 2017 | Page 17

Market Action Report
July 2017
HOWARD
County: Howard
Agent Name
Title
Phone
Website
Other
Community Information
Price Range: $1,000,000 and Up | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for July was 34, down 75.2% from 137
days last month and down 59.0% from 83 days in July of last
year. The July 2017 DOM was at its lowest level compared with
July of 2016 and 2015.
3 Mo Avg
200
180
160
139
140
120
100
83
80
60
34
40
20
0
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Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The July 2017 Selling Price per Square Foot of $155 was down
14.2% from $180 last month and down 24.3% from 204 in July
of last year.
300
280
260
240
220
200
180
160
140
120
100
3 Mo Avg
204
199
155
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Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The July 2017 Selling Price vs Original List
Price of 98.5% was up from 90.8% last month and down from
106.1% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
106.1%
98.5%
95.6%
100%
80%
60%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
140
40
60
80
100
120
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in July 2017 was 35, up 52.2% from 23 last month and up 45.8%
from 24 in July of last year.
20
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropolitan Regional Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
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